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Jan 25, 2012
01/12
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factor for bringing about the trade deficit so he thinks the deficit will be temporary. >> looking ahead japan needs to create and nurture new industries that can export goods to new markets. >> meanwhile, chairman of the japan business federation encouraged companies to boost their competitive edge on the global stage. >> translator: i think japan should remain as a trade oriented country. to do so high levels of global competitiveness would be vital backed by outstanding technological skills and talents. >> we look at background and the past trend. japan is a nation with limited resources so the country has traditionally depended on manufacturing and exports as a driver for economic growth. >> reporter: japan posted the first post war trade surplus in 1965. the country boosted exports. it focussed on textiles, ship building and steel making. the auto and electronics industries began to expand as they became more globally competitive. they did this by developing advanced technologies. they also cut costs by automating production and controlling inventories. as a result, japan's fuel eff
factor for bringing about the trade deficit so he thinks the deficit will be temporary. >> looking ahead japan needs to create and nurture new industries that can export goods to new markets. >> meanwhile, chairman of the japan business federation encouraged companies to boost their competitive edge on the global stage. >> translator: i think japan should remain as a trade oriented country. to do so high levels of global competitiveness would be vital backed by outstanding...
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Oct 22, 2012
10/12
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japan's deficit stood at about $7 billion, a new high. officials pointed to a steep drop in car exports to china. chinese demand for japanese goods has slumped due to the dispute over the senkaku islands in the east china sea. japan controls the islands. china claims them. the finance ministry says japan's deficit for the six months through september was about $40 billion. it was the largest half-year deficit since the government began keeping records in 1979. half-year trade with the european union fell into the red for the first time with a deficit reaching more than $1 billion. against china, japan's deficit for the period was $19 billion. the bank of japan downgraded its economic assessments of eight of nine regions due to sluggish production and personal consumption. it's the first time in three years and nine months that the central bank has lowered its assessments of so many regions all at once. boj branch managers say industrial production declined in these eight regions. they point to falling exports of cars and other auto-relate
japan's deficit stood at about $7 billion, a new high. officials pointed to a steep drop in car exports to china. chinese demand for japanese goods has slumped due to the dispute over the senkaku islands in the east china sea. japan controls the islands. china claims them. the finance ministry says japan's deficit for the six months through september was about $40 billion. it was the largest half-year deficit since the government began keeping records in 1979. half-year trade with the european...
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Jun 20, 2012
06/12
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. >>> japan's trade balance in may showed a deficit for a third straight month. increasing fuel imports are the main cause of the country's nuclear power plant set idle. the finance ministry said in its preliminary report that japan's trade deficit exceeded $11 billion last month. exports rose 10% from a year earlier and yen turns to over $66 billion. has to do largely to an increase of shipments to the u.s. meanwhile, imports also gree more than 9% to over $77 billion due to a rise of natural gas for thermal powered generation. prices of crude oil rose. trade with europe dipped into negative territory for the first time since 1979. this comes as the euro zone debt problems dampened demand for semiconductors and other parts. the finance ministry said boosting exports will be the key to achieving trade surface. it says it will monitor the effect of the european debt crisis on china and the u.s. japan's major trade partners. >>> japan airlines aims to relist its shares in september and make the application to the tokyo stock exchange. jal went bankrupt in january 2
. >>> japan's trade balance in may showed a deficit for a third straight month. increasing fuel imports are the main cause of the country's nuclear power plant set idle. the finance ministry said in its preliminary report that japan's trade deficit exceeded $11 billion last month. exports rose 10% from a year earlier and yen turns to over $66 billion. has to do largely to an increase of shipments to the u.s. meanwhile, imports also gree more than 9% to over $77 billion due to a rise of...
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May 22, 2012
05/12
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it cites delays in the country's efforts to build its deficit ridden finances. fitch said on tuesday it lowered japan's long-term government bonds to a plus, or single a plus from aa minus. the new rating is the fifth from the top. it's the first time since november 2002 that fitch has downgraded japanese government bonds. japan now ranks at the same level as countries like estonia, israel and slovakia. it has been growing faster recently due to an increase in deficit-covering bonds. fitch thinks the japanese government's plan to raise the consumption tax would not go into effect for at least two years. japanese economic and fiscal policy minister motohisa furukawa commented on fitch's announcement. >> translator: the government will work hard to enact the bills for tax and social security reforms as soon as possible. >> the strong yen is shifting the balance on an indicator that shows the state of the japanese economy and suggests how businesses are spending money abroad. the country's net external assets rose for the first time in two years, the difference of
it cites delays in the country's efforts to build its deficit ridden finances. fitch said on tuesday it lowered japan's long-term government bonds to a plus, or single a plus from aa minus. the new rating is the fifth from the top. it's the first time since november 2002 that fitch has downgraded japanese government bonds. japan now ranks at the same level as countries like estonia, israel and slovakia. it has been growing faster recently due to an increase in deficit-covering bonds. fitch...
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Nov 21, 2012
11/12
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the deficit came in at $6.7 billion. exports fell by 6.5% from a year earlier. exports have fallen five months in a row. cars and steel led the drop and imports fell by 1.6% from a year earlier. exports to europe tumbled more than 20%. the debt crisis has dampened demand. exports to china fell more than 11%. consumers upset about the material -- territorial dispute are shying away from japanese goods. >>> serieses say the settlement body upheld most of the -- wto officials sent a final report to the parties involved. the document advises ontario to rer rectify the issue. the wto says the -- canadian officials may appeal the decision. >>> tokyo stock exchange officials are calling on small businesses in south korea to list their shares on the tokyo boards. the tse made the promotion in a seminar in seoul on wednesday. the event was held by an organization that helps enterprises to raise funds and enter foreign markets. more than 200 south korean companies including those from the information technology sector took part. officials from the tse said investors in to
the deficit came in at $6.7 billion. exports fell by 6.5% from a year earlier. exports have fallen five months in a row. cars and steel led the drop and imports fell by 1.6% from a year earlier. exports to europe tumbled more than 20%. the debt crisis has dampened demand. exports to china fell more than 11%. consumers upset about the material -- territorial dispute are shying away from japanese goods. >>> serieses say the settlement body upheld most of the -- wto officials sent a final...
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Dec 20, 2012
12/12
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but the net effect has to be declining budget deficit. so you need this policy mix, increasing taxes and then use part of tax to stimulate the economy, but cut the budget deficit. that is a very delicate balance. >> reporter: are there other growth strategies that the administration can do? >> they can increase the growth of the japanese economy, the growth rate of the japanese economy, we have to increase the population, working age population. now working age population is declining by about 1% per year. so even if we can achieve more productivity growth higher than the united states. achievable trend growth rate is only 0.5%. you have to increase the growth rate to stimulate the economy, we have to get more migration. >>> thousands of people waiting to go home. tons of debris, waiting for disposal. vast tracks of land waiting to be restored. overcoming the challenges of japan's 2011 disaster won't be easyhe'easy but step-by-step, p going forward, find out on "the road ahead" every wednesday at 1:00 p.m. japan time right here on "newsli
but the net effect has to be declining budget deficit. so you need this policy mix, increasing taxes and then use part of tax to stimulate the economy, but cut the budget deficit. that is a very delicate balance. >> reporter: are there other growth strategies that the administration can do? >> they can increase the growth of the japanese economy, the growth rate of the japanese economy, we have to increase the population, working age population. now working age population is...
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Dec 26, 2012
12/12
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shift in his policy that called for higher taxes on the wealthy, along with measures to cut the fiscal deficit. talks between democrats and republicans came to a standstill last week. a deal still remains uncertain. the republicans canceled a vote on their compromise plan. that's because many republicans remain opposed to any kind of tax hikes. >>> china has opened what it calls the world's longest high-speed rail line. the railway links the capital city of beijing and ghangzhou in the south. shun ishibe have more. >> reporter: the first high-speed train for beijing is about to leave guangzhou south railway station. many passengers are carrying coats, because the temperature in beijing is about 20 degrees centigrade lower than here in guangzhou. the new line stretches nearly 2,300 kilometers, including a section already in service. the trip between the two cities will take about eight hours instead of the current 20 1/2 hours. china says it developed the high-speed train line on its own based on technologies used by japan's bullet train. the launch of the new service expands china's high-speed
shift in his policy that called for higher taxes on the wealthy, along with measures to cut the fiscal deficit. talks between democrats and republicans came to a standstill last week. a deal still remains uncertain. the republicans canceled a vote on their compromise plan. that's because many republicans remain opposed to any kind of tax hikes. >>> china has opened what it calls the world's longest high-speed rail line. the railway links the capital city of beijing and ghangzhou in the...
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Aug 20, 2012
08/12
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as a result, japan's trade deficit with china grew to a record high of about $17.6 billion. officials say exports to china are expected to continue to fall as production in the country is likely to remain sluggish. they also predict the bilateral trade deficit for the entire year will also set a record. >>> toyota motor has rolled out a new model to try to boost sales in the european market that's been hit hard by the credit crisis. toyota started selling the you auris in japan on monday ahead of its european debut later this year. it's a hatchback popular in europe. toyota's ex-europe-based designers took part in the production of the model, incorporating designs toicater to the taste of europeans. it has better mileage and its low body gives it a stable ride and an ability to make tight turns. when the auris was introduced to europe back in 2007, sales exceeded 180,000 units. >> translator: the european credit crisis is likely to continue to influence the market, but we will try to increase our sales by releasing good, new models. >>> japanese households and companies slas
as a result, japan's trade deficit with china grew to a record high of about $17.6 billion. officials say exports to china are expected to continue to fall as production in the country is likely to remain sluggish. they also predict the bilateral trade deficit for the entire year will also set a record. >>> toyota motor has rolled out a new model to try to boost sales in the european market that's been hit hard by the credit crisis. toyota started selling the you auris in japan on...
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Jan 12, 2012
01/12
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the trade deficit was partly due to a drop in exports of semiconductors and digital cameras following the floods in thailand. it was also due to a global economic slowdown stemming from debt problems in europe and higher prices of crude oil and natural gas. meanwhile, the income surplus grew 13.0% helping the overall account balance to stay in the positive. the income surplus has shown a steady increase for eight consecutive months. a japanese government survey shows an improvement in business sentiment among service sector workers in december. the cabinet office asked about 2,000 people including those at retail stores and restaurants how they view the economy compared with three months ago. the index rose two points from november to 47. that's the first rise in two months. the survey says the uptick is due mainly to strong demand for winter clothes thanks to cold weather. increased production of automotive parts was another positive factor. the higher output came after floods in thailand disabled some japanese plants there. murray johnson is up next with sumo. >>> day five of the ne
the trade deficit was partly due to a drop in exports of semiconductors and digital cameras following the floods in thailand. it was also due to a global economic slowdown stemming from debt problems in europe and higher prices of crude oil and natural gas. meanwhile, the income surplus grew 13.0% helping the overall account balance to stay in the positive. the income surplus has shown a steady increase for eight consecutive months. a japanese government survey shows an improvement in business...
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Mar 22, 2012
03/12
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trade in january marked the largest monthly deficit on record. financeman indust ministry offi the surplus is small so they'll be keeping an eye on the oil prices and the yen's value against the dollar. >>> the average pump price for a liter of gasoline in japan has hit its highest level in three years and five months due to rising crude oil prices and the depreciating yen. the oil information center says as of monday the retail price for a liter of gas averaged 155.6 yen, or about $1.87. that's up more than three cents from the previous week. it is the fifth consecutive weekly increase. the higher cost of oil imports because of the weakening japanese currency has pushed up pump prices by 14 cents per liter over the past month. the center says, however, the retail gasoline prices have still not risen by as much as the pump has seen in crude oil prices. it predicts the gasoline prices will rise further as crude prices do not appear likely to come down anytime soon. >>> and here are the latest market figures. >>> time to check on some of the storie
trade in january marked the largest monthly deficit on record. financeman indust ministry offi the surplus is small so they'll be keeping an eye on the oil prices and the yen's value against the dollar. >>> the average pump price for a liter of gasoline in japan has hit its highest level in three years and five months due to rising crude oil prices and the depreciating yen. the oil information center says as of monday the retail price for a liter of gas averaged 155.6 yen, or about...
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Jul 30, 2012
07/12
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officials at the utility servicing western japan say it suffered a deficit of more than $1.2 billion. they say the reason is soaring operating expenses due to rising fuel costs for thermal power generation as a substitute for nuclear power. the company also known as kepco restarted power generation at its ohi nuclear plant. they are the first reactors to restart operation since the fukushima daiichi disaster last march. >> translator: we aren't planning to raise the electricity rates at the moment. but if our financial situation gets drastically worse and if this hurts our ability to supply power, we'll have to consider all options. >> japan's leading steelmakers have announced sharp profit drops or losses for the april through june period. that's in part because of the yen's strength. nippon steel reported a pretax profit $1620 million down 83% from a year earlier when calculated in yen. jfe holdings profit plunged 60% to a little over $125 million. sumitomo metal produced a loss of $140 million and kobe steel over $130 million. during the three months, the steelmakers came under str
officials at the utility servicing western japan say it suffered a deficit of more than $1.2 billion. they say the reason is soaring operating expenses due to rising fuel costs for thermal power generation as a substitute for nuclear power. the company also known as kepco restarted power generation at its ohi nuclear plant. they are the first reactors to restart operation since the fukushima daiichi disaster last march. >> translator: we aren't planning to raise the electricity rates at...
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Jun 14, 2012
06/12
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it is guaranteeing the deficits and credits of all banks in europe. to achieve there that, on top of the monetary union, also a fiscal union to finance the banking union all of the currencies and euro bonds that will have to be underwritten by the strong economies like germany, too. >> what do you think markets are really looking for from the elections? >> well, markets want to have the situation go away. and this is not what's happening. we know europe well enough. we know europe is muddling through, renegotiating, getting close to the cliff but not jumping and this will be the situation this week and next week. >> okay. what do you expect will happen with the elections? what will be the outcome? >> well, it looks like that there will be a reasonable vote going on with renegotiations, with remaining in the euro. this is most likely. and this is what basically everybody's betting on. the question is how big the price will be. >> that was martin schulz. >>> u.s. treasure secretary timothy geithner is urging eurozone leaders to figure out ways to calm m
it is guaranteeing the deficits and credits of all banks in europe. to achieve there that, on top of the monetary union, also a fiscal union to finance the banking union all of the currencies and euro bonds that will have to be underwritten by the strong economies like germany, too. >> what do you think markets are really looking for from the elections? >> well, markets want to have the situation go away. and this is not what's happening. we know europe well enough. we know europe...
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Aug 9, 2012
08/12
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. >> translator: no country can keep expanding increasing its fiscal deficit forever. it is indispensable that each country must ultimately restore its fiscal health. >> shirakawa said the consumption tax hike contributes to stemming a rise in long-term bond yields. he said that social security reforms included in the package of tax hike bills will also help ease people's anxieties and the revisions are positive for the economy. >>> china's consumer price index rose at its slowest pace in 2 1/2 years last month. the government may take further monetary easing measures as a result. the national bureau of statistics said thursday that the index grew by 1.8% from a year ago. the increase was relatively minor because food prices, which are a major component of the index, remain stable. behind a slowdown was falling consumption on the back of the european debt crisis. some analysts say this may lead to lower corporate profits, as well. >>> the biggest japanese bank is now under investigation for possible involvement in the rigging of libor, a global benchmark for lending ra
. >> translator: no country can keep expanding increasing its fiscal deficit forever. it is indispensable that each country must ultimately restore its fiscal health. >> shirakawa said the consumption tax hike contributes to stemming a rise in long-term bond yields. he said that social security reforms included in the package of tax hike bills will also help ease people's anxieties and the revisions are positive for the economy. >>> china's consumer price index rose at its...
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Jan 24, 2012
01/12
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the calculations show the country's primary balance deficit will exceed $210 billion in fiscal 2020. that's quite different from the surplus that was promised. and it means japan will likely need to continue to boar reso it can meet its commitments to achieve a primary balance surplus bis the early 2020s. the government would have to raise the consumption tax rate by 16%. japanese leaders have made international pledges that the country will reach fiscal goals, but that might prove to be more difficult than previously thought. the foreign minister was also outlining the government's agenda at the opening session. he said he will put an end to japan's inward looking ways promising more active diplomacies. he said the active approach would be used to settle a key question facing the country. whether to join the trabs pacific free trade pact. >> translator: japan will work together information on what the relevant countries are seeking through discussions. we will then make a decision on the pact from the standpoint of national interest. >> he referred to the issue of relocating u.s. ba
the calculations show the country's primary balance deficit will exceed $210 billion in fiscal 2020. that's quite different from the surplus that was promised. and it means japan will likely need to continue to boar reso it can meet its commitments to achieve a primary balance surplus bis the early 2020s. the government would have to raise the consumption tax rate by 16%. japanese leaders have made international pledges that the country will reach fiscal goals, but that might prove to be more...
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Jun 4, 2012
06/12
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and that's strange because we have such a large budget deficit. >>> a growing chorus of concern also from japanese government and business leaders over the impact of the latest market developments. finance minister jun azumi says the fall in tokyo stock prices are out of step with the true state of japan's economy. azumi noted that japan's domestic demand is solid and consumption is good. he suggested that the drop in stocks is due to worries over europe's debt crisis. >> translator: we want european union nations to increase their efforts. i think the most important thing is for governmental authorities and europe as a whole to take steps that would reassure the rest of the world. >> and bank of japan governor masaaki shirakawa said he will carefully monitor the effects of the stronger yen on japan's economy. >> translator: i think the appreciation of the yen against the dollar is the result of investors buying the yen as a safe haven as they try to hedge against risks from uncertainty. over the european credit crisis. >> the boj governor added there is little room to further lower
and that's strange because we have such a large budget deficit. >>> a growing chorus of concern also from japanese government and business leaders over the impact of the latest market developments. finance minister jun azumi says the fall in tokyo stock prices are out of step with the true state of japan's economy. azumi noted that japan's domestic demand is solid and consumption is good. he suggested that the drop in stocks is due to worries over europe's debt crisis. >>...
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May 1, 2012
05/12
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to cut the deficit and promote a healthier lifestyle, the government is taxing some packaged foods with high sugar or salt content. any shopper who buys one of these products must pay a tax as high as 50% of the sales price. this cake factory used to hire about 100 employees. it tried to avoid the tax by baking cakes with less sugar. but a big client, a major fast food chain, complained that the cakes weren't sweet enough, and canceled the contract. since then, the company has lost 80% of its business. only nine employees remain. >> translator: we made these especially for the fast food chain. losing this client is a real setback. >> reporter: back at horvath's cake shop, he and his daughter esther are developing new products for sales. they were inspired by japanese sweets. feast both the mouth and the eyes, esther makes cakes from japanese ingredients by citroen, yuzu and sesame and the chefs put extra care into how the cake looks. >>. >> translator: the hungarian cake industry goes back more than 100 years. eating cakes is a hungarian tradition. i want to do all i can to keep the tra
to cut the deficit and promote a healthier lifestyle, the government is taxing some packaged foods with high sugar or salt content. any shopper who buys one of these products must pay a tax as high as 50% of the sales price. this cake factory used to hire about 100 employees. it tried to avoid the tax by baking cakes with less sugar. but a big client, a major fast food chain, complained that the cakes weren't sweet enough, and canceled the contract. since then, the company has lost 80% of its...
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Sep 10, 2012
09/12
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amid the ever-rising need to reduce the national deficit. but surrounding countries, including china and indonesia, are highly sensitive to the increased military cooperation between the united states and australia. takeo nakajima, nhk world, darwin. >>> and that will wrap up our bulletin for today. i'm patchari raksawong in bangkok. >>> government forces are pounding rebel positions in syria's main cities. the britain-based syrian observatory for human rights says nearly 100 civilians were killed on sunday across the country. government troops used tanks and helicopters to attack rebels in the south of the capital damascus. a staff member for unrwa, the u.n. agency providing relief to palestinian refugees, was fatally shot on his way to work. the incident occurred three days after another staff member and his son were killed in a suburb of damascus. syria's state-run tv reports that a car bomb exploded on sunday night in the northern city of aleppo. the blast reportedly killed 17 people including several civilians. >>> people across northea
amid the ever-rising need to reduce the national deficit. but surrounding countries, including china and indonesia, are highly sensitive to the increased military cooperation between the united states and australia. takeo nakajima, nhk world, darwin. >>> and that will wrap up our bulletin for today. i'm patchari raksawong in bangkok. >>> government forces are pounding rebel positions in syria's main cities. the britain-based syrian observatory for human rights says nearly 100...